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20120928
20121006
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CNBC 39
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CNBC
Sep 28, 2012 3:00pm EDT
of the top defense analysts gives you his list of losers and winners next. >>> attention amazon shoppers, the online retail giant has its sights set on selling wine. >>> and oops, tim cook apologizes for apple's half-baked map app. is this his first big mistake of the ceo? we'll get to the core of the matter. at optionsxpress we create easy-to-use, powerful trading tools for all. like our all-in-one trade ticket. we put strategies, chains and positions all on one screen. start trading today with optionsxpress by charles schwa start trading today with for many, nexium helps relieve heartburn symptoms caused by acid reflux disease. osteoporosis-related bone fractures and low magnesium levels have been seen with nexium. possible side effects include headache, diarrhea, and abdominal pain. other serious stomach conditions may still exist. talk to your doctor about nexium. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pa
CNBC
Oct 4, 2012 11:00pm EDT
on defense. >> finally, military. the president's re-elected, you'll see dramatic cuts to our military. the secretary of defense said these would be even devastating. i will not cut our commitment to our military. >> if you're like me, you realize the general dynamics is at the fulcrum of both of these issues. if president obama is going back to that 2009 rhetoric, orders for gulf stream jets could be hammered. when you think of big defense programs that could be boosted by a romney presidency, go no further than general dynamics. you can see a real hit to earnings if the budget cuts become a reality. romney is unintentionally green lighting lockheed martin and grumman. now about half way into the debate romney gave us a fabulous short idea with this clip. >> you put $90 billion, like 50 years worth of breaks into solar and wind to solyndra and tesla and i had a friend who said you don't just pick winners and losers, you pick the losers. >> tesla relies on the kindness of the government. that kindness will be over if the white house gets a new occupant. i suggest immediately buying tes
CNBC
Sep 28, 2012 6:00pm EDT
last october. mostly because of concern about the fiscal cliff. we could see major cuts in defense spending. given it gets 70% of its sales from the department of defense you can see why people would be nervous. however, i think those worries might be baked into the stock at those levels. it might be exaggerated. plus xls sports a juicy 4% yield. even if the worse does happen they're paying you to wait for washington to sort itself out. the other thing it represents a niche area within the budget. it's not one of those big old cold war programs that they have. i don't know if we should even be that worried. among the other things the company makes is highly secure communication systems, energy annal just, warfare systems, night vision goggles. it also has an information technical side where they do everything from aircraft traffic management for the faa and networks. that's probably less sensitive to the budget cuts we're all so worried about. last quarter was quite strong. if we don't fall off the fiscal cliff this could be the right stock to own. even if we do smash into the fisc
CNBC
Sep 30, 2012 7:30pm EDT
's talk about residual damage. government defense contractors will have to lay off workers soon if there's no agreement. you know, because they are losing those federal dollars of those federal programs that are going away, we're going to see more unemployment. the defense company will have to notify workers in the next couple of weeks. how important is this? >> well, it is a temporary drag on the economy. i honestly think of all the things that will not happen, starting january 1st, that the chances that we're going to get both rounds of spending cuts agree to last august, including massive defense cuts, i think is pretty slight. i think it will be rectified the next few months. it's terrible we have to put these businesses through this. until we get out to the other side. >> what about housing? it seems to be recovering but it's still murky. how strong is it? is this important for the overall economy? >> nothing could be more important than the improvement in home prices we're seeing. we're getting very good signals on home prices. join get higher home prices, that pushes up output bec
CNBC
Oct 1, 2012 4:00pm EDT
-hanging fruit that is defense cuts as well as the entitlements. medicare, medicaid, and social security. where do you see opportunity for cuts? >> we see opportunity across the budget. in agriculture, in transportation. as you say, in defense and in general government programs but across the government we think there's opportunities. probably if you look at crop insurance or commodity payments in the agriculture, that can add up. smaller areas that's $1 billion. $1 billion here, $1 billion there, it adds up to money. we wanted a menu of thoughtful choices to reduce our deficit and avoid sequestration. >> go through it for us. because, you know, i guess if it were that easy, it would have been a lot simpler getting to the point where we're at. can you talk to us specifics about what you think should be cut? >> sure. that's what we wanted to do in this report. it's more than $100 billion in agriculture, more than $100 billion in energy, and as i said, in agriculture, commodity crop payments, reforming crop insurance. in energy, we'd like to eliminate the entire tight. 17 loan guarantee program w
CNBC
Oct 5, 2012 1:00pm EDT
about how the white house may be trying to convince defense contractors not to send layoff warnings to workers before next month's election. the office of management and budget sent a memo last week saying the government could cover the cost that companies would face if they run into legal troubles for not properly warning those workers. here's the federal law and what it says. it says that companies with 100 or more workers must provide 60 days notice before mass layoffs or plant closings, or those workers can get up to 60 days of back pay if they are not notified. the republicans are crying foul and eamon javers picks under the story. >> reporter: here's what the omb said in late september -- it is neither necessary or appropriate for federal contractors to provide warn act notice to employees 60 days in advance of the potential sequestration because of the uncertainty about whether sequestration will occur. i've toualked to employees at t white house and omb about this question. their idea is this -- first of all, there's uncertainty about the fiscal cliff itself, whether it is a
CNBC
Oct 1, 2012 7:00pm EDT
the domestic policy council. is obama really going to be able to articulate a defense on fiscal policy. i haven't heard him give any speech where he seems to be in the weeds on this. >> i thought he was a tough campaign strategist. >> now, look, if he takes my advice, which he won't do. i would talk about the following. i have a bill that all kinds of economists say would create at least a million jobs, congress won't touch it. >> i think that we haven't answered the funnel eed the fun question that -- if romney gets into this pro business thing, are we going to have inflation like your venezuelan idea? >> i don't care much about venezuela, although it looks like what's his name is going to lose, chavez is going to lose. i do remember argentina having been down there several times in in the 1990s, you buy all these bonds, you have a triple digit inflation rate. lee munson, thanks. >> i'm a bull, it's okay to be a bull. >> all right, the kudlow caucus is staying throughout the area. here's what we're going to tackle up next, the north koreans now, they say we're planning to inthey would them. co
CNBC
Oct 2, 2012 7:00pm EDT
next. why the pink slips haven't gone out because of the defense cuts. if we want to improve our schools... ...what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ...nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. [ feedback ] attention, well, everyone. you can now try snapshot from progressive free for 30 days. just plug this into your car, and your good driving can save you up to 30%. you could even try it without switching your insurance. why not give it a shot? carry on. now you can test-drive snapshot before you switch. visit progressive.com today. >>> our kudlow caucus is still with us. i don't think i said that before. i apologize as always. let me begin with you on this point. the defense contract. i go to you because you are from virginia. they are going to get killed by the budget cut. the law says that the contractors have to send out pink slips and the obama admin
CNBC
Oct 1, 2012 3:00pm EDT
of gerring wealth management. he says yes. gary clark says be defensive knew, expect a rally after the election. thanks for joining us. harry, why do you expect a rally after the election? we'll get nr clarity then? >> that's one thing. the uncertainty is the death of the market. i think we're going to get a correction first. the market is tired. the tired gain of last month was two days. ecb day and qe forever day. that's not good for the markets. the market needs a correction. think now anywhere from 5% to 8% will do it. a lot of money out there waiting to get in the market. they missed it. that's a lot of reason a rally. a lot of money that missed the market rally this year. they're going to find it. >> in fact, eric, you're the opposite of harry. you think yewe're going to see rally now then you're bearish longer term. why? >> if you look back at the market pattern, qe 2, for example, you know, there was a strong rally and anticipation of qe, but once the policy was actually put in place, the market paused. it had to digest the receipt of qe. that took about two or three weeks.
CNBC
Oct 5, 2012 4:00pm EDT
are the massive layoffs in the defense sector if congress can't resolve the fiscal cliff. eamon javers is here be more. >> let me bring you the guidance here that the white house is putting out, sending to federal defense contractors in particular, telling them they don't have to issue notices under the so-called warren act, which requires notices to employees in advance of mass layoffs. here's the guidance. they said, it is neither necessary or appropriate for federal contractors to provide w.a.r.n. act notices to employees 60 days in advance of the potential se questionsation because it's uncertain whether sequestration will occur. what the white house is doing here is heading off the possible that defense contractors, particularly in virginia, which is a political state that is very much in play this year, would be getting notices at the beginning of november saying, hey, you might lose your jobs if we go over the fiscal cliff. the administration argues that those notices are not necessary under the w.a.r.n. act because the fiscal cliff doesn't necessarily have to come true. also, if it doe
CNBC
Oct 1, 2012 1:00pm EDT
on the impact of the new qe3. in his prepared remarks, a full-throated defense of what he's done policiwise in the wake of the big financial crisis. we're going to bring it to you live. the fed and strong manufacturing numbers out today have the market squarely in rarely mode. the dow right now up 124 points, 1 13,561. >>> let's go where the action is. at the nyse. sue herera. >> as we wait for ben bernanke to begin that q&a session, we have a big stock market rally on our hands the first day of the trading quarter, up 123 points right now. bob pisani's joining me now on the floor. you're up a little sigh of relief there. a rally that's carried over to the u.s. but are the underpinnings here at home strong enough? >> new order xoen fent norcompo ism moved the market up in addition to follow-through from europe. the dow industrials were off the high 2-1 advancing to declining stocks. it was 3-1 earlier but you could see we've dipped a little just in the last 15 minutes or so. in terms of what's moving here, well, right across the board, pretty nice rally here. energy materials, industrials,
CNBC
Oct 3, 2012 8:00pm EDT
trillion just to give you a sense over ten years that's more than our entire defense budget. and you think that by closing loopholes and deductions for the well to do somehow you will not end up picking up the tab. then governor romney's plan may work for you. but i think math, common sense, and our history shows us that's not a recipe for job growth. look, we've tried this. we've tried both approaches. the approach that governor romney is talking about is the same sales pitch that was made in 2001 and 2003. and we ended up with the slowest job growth in 50 years. we ended up moving from surplus to deficits. and it all culminated in the worst financial crisis since the great depression. bill clinton tried the approach that i'm talking about. we created 23 million new jobs. we went from deficit to surplus. and businesses did very well. so in some ways we've got some data on which approach is more likely to create jobs and opportunity for americans. and i believe that the economy works best when middle class families are getting tax breaks so that they've got some money in their pockets. and
CNBC
Oct 4, 2012 9:00am EDT
is is that he goes defense. northrop grumman. remember that private jet thing? i was waiting for him to hit vegas. and the gangstas. but you had general dynamics. this is a fulcrum stock. you want to sell it if it's obama, buy it if it's romney. >> again, this is one priced below the low end of the range by 50 cents. and it's trading lower right now at the open by 4%. let's check in with bob pisani here on the floor with more of what is moving this morning. bob. >> reporter: so are we getting a romney bounce for stocks this morning? look, i think everybody agrees, governor romney did very well, better than some people thought. you noticed europe. this is what i watch every morning, get up, 3:00, look at how europe's going to open. and normally europe opens strong. we open strong. but this morning europe has been meandering. not a lot of trends earlier on. but our market was up overnight. nicely. and some people are attributing this to a potential romney -- potential romney strong showing. a lot of people feel that the stock market might be better under governor romney. elsewhere, i want to
CNBC
Oct 1, 2012 12:00pm EDT
of the names i would point out. if our on the defensive side i am looking at the big pharma names where you are looking at the valuation and the yield as well as the big money center banks and i would also stick with something like a kkr, black stone, and a lot of students depending how aggressive or offensive or defensive you want to be. >> the market came back up a percent or so last week. did you come in today a bit of a doubter and how did the ism report better than expected change your way of thinking if at all. >> you're right. i came in somewhat skeptical today. i was still bullish. i am still skeptical. the futures looked up and then when the ism hit of course they moved up higher and all because they said our bank problems are not as bad as feared. this is clear heyly a market that the mark and until the news hits you square in the face to keep going higher, i think that may come, though, with the third quarter earnings release and i think when you see the worst quarter in a long time and i don't think it is as well discounted. >> you think maybe the trough in the third quarter and
CNBC
Oct 3, 2012 7:00pm EDT
throughout tonight. this evening, in my view, romney needs to put obama on defense right at the beginning, take him to the cleaners, right out of the gate, no wasted time, do what john mccain did not get down four years ago. i hate to say that. this is a choice between tax cuts and tax hikes. you need to make that case. now i want to hear from our panelists in the kudlow caucus. former clinton white house aide, keith boykin. rick lazio, former republican congressman from new york. rick lazio, i begin with you, good evening to you. >> hello, larry. >> this is a gigantic audience, the key issue of our time is still the economy and jobs. so far mitt romney has not been able to make the sale. that's what the polls show. that's why this thing is close. why hasn't he and what's he going to do tonight differently than he's done in the past. >> i think he's going to make the contrast with president obama, why expanding the pie is in the national interest. not redistributing an ever slowing economy but expanding the pie so everybody gets a job that wants a job, people's salaries are rising. i thin
CNBC
Oct 3, 2012 4:00am EDT
marginally in the green. strength in defensive telecoms were partially offset due to falling oil prices. over in japan, the nikkei heat a three-week low as investors remained cautious ahead of the boj and ecb meetings, but the retailer rallied, because annual group sales could top nearly $1 billion. if so, it would be the first japanese retailer to ever reach that scale. over in australia, the asx 200 edged up to a 14-month high. minors slumped following a short rise in the trait deficit. india now higher by .2%. >> up next, uk drinks maker have been given an extinction to survive. that's up next. >>> and now for a fluffy news story. we don't always get to do this. looking at pictures of cute animals may actually increase workers' concentration and productivity. that's according to researchers at the university of hiroshima. does your cute puppy or cat increase your productivity? if you want to join the conversation, get in touch with us by e-mail, via twitter, and i'm also on twitter as well. >>> the french president is facing some pest problems. a small group of entrepreneurs are making hea
CNBC
Sep 28, 2012 7:00pm EDT
slash defense and pull out of afghanistan early and leave iraq entirely and now the narrative is in tatters. they had a huge personal political interest in maintaining that narrative. it was wrong to begin. it is wrong now and the president himself, even the day after his own director of counterintelligence, matthew olson said it is a terrorist act. this guy went on "the view" of all places to repeat the lie. >> and it is worse than that. he went before the u.n. i read his speech. he had three fat paragraphs mr. obama did trying to sell the video/spontaneous demonstration. still, that was, what, this past tuesday. >> correct. >> and remember, he and mrs. clinton went on tv in pakistan still apologizing for the video. they have so much invested in the notion that if we reach out, don't offend these people we will get along fine. it is ludicrous. it's a lie and the president of the united states needs to come before the american people and explain to them what did he know? when did he know it? and why has he and senior officials been lying. >> is jack jacobs here. welcome. i wan
CNBC
Oct 2, 2012 3:00pm EDT
. in the morning it was higher. then they started to buy those treasuries and the yeield came down. defensive nature to the sectors that were doing well today. the classic defensive plays, health care and utilities leading the way followed by everybody's favorite these day, telecom, because of that dividend play. the financials are squeaking out a gain at the close. peter costa, what do you make of this late comeback? >> we've seen the last few days where the market's been up and sold off towards the end of the day. this is just a reversal. i think towards the end of the day we've seen a lot of reversals. you know, short positions being covered. >> the spanish, we believe they'll eventually ask for help from the european central bank. >> get it over with. >> what does the market do when that finally happens? >> well, i think there will be a sigh of relief. one of the question marks that's been overhanging the market for the last six months will be answered. i would imagine it would be not fully answered, but it will be answered. i think the market will probably rally after that. i guess we'll
CNBC
Oct 2, 2012 4:00pm EDT
, statutes of limitation, legal defenses, nature of the injury, the damage suffered, all of that has to go into the negotiation process. >> so you're also overseeing the aurora victim relief fund. you say it's unusual for a fund to exist at all. why do you say that? >> how many bad things happen to good people every day in this country? you don't have aurora funds or virginia tech funds or 9/11 funds. this is a singular example of private donations coming into the aurora community. the governor of colorado, governor hickenlooper made it clear. he wanted me to get this money out fast without restrictions. i'll be out in aurora next week to listen to the victims, hear what they have to say, meet with the governor, and hopefully quickly come up with a compensation proek ree yum to distribute what is a small amount of money, relatively speaking. >> all right. we'll leave it there. ken, thanks so much for your time today. we appreciate it. best of luck with these cases. see you soon. >> thanks again, maria. >> ken feinberg joining us. up next, it's the interview we've been waiting for. larry el
CNBC
Oct 4, 2012 7:00pm EDT
trillion additional defense spending, additional medicare spending and you say you won't say how you pay for it. it's not honest. >> every one of those numbers heavily disputed. but but but. here's the thing. can you tell me, jennifer rubin, brulant blogger and columnist that you are. >> he's setting me up now. >> es seemed analyst that you are. can you tell me what barack obama's future vision is if he is re-elected? can you tell me from last night's debate what he is going to do? does anybody know? >> i actually thought that was the worst part of the debate. we have 23 million people unemployed, stop looking for work. what does he want to do? he wants to hire 100,000 teachers? first of all do we even know if we need 100,000 teachers? it's puny. it isn't big thinking. he wants to raise taxes. even good kinseyans know that's not the way. it's all small ball stuff that. worked for bill clinton because bill clinton had a raring economy so he could worry about school uniforms and talk about small stuff. where is i the president's big plan? >> where's mitt romney's small plan? >> you heard i
CNBC
Oct 1, 2012 9:00am EDT
] ceradyne had been like all the defense contractors. more downgrades of defense contractors. anyone who knows this company knows they're an innovator. but when you're pulling back on the military, pulling back on cera dyne. >> accretive by a penny? >> lowered -- remember they said the goals became stretch goals. and the stock didn't get hit. this is an example after what we talked about at the beginning of the show. there's no real momentum there. >> deutsche is looking at ibm taking their price target up. >> another stock that's a huge dow leader. what i would tell you here is that this stock has very little resistance. accenture last week reported, these are remarkable. ibm has a mainframe cycle, too. the consulting companies are on fire because they save companies money whenever they bring them in. >> finally, i think we have time for credit suisse going to a sell on nokia. >> nokia, i'm trying to figure out where it stops. i could do one of those, mow, larry, curly things where i go on the floor. but i do think that nokia has minimal upside. the balance sheet is going down. compare
CNBC
Sep 28, 2012 4:00am EDT
as investors took profit on defensive plays. >>> european policymakers, made grid's budget a major step towards recovery, but today the government must brace for the results of the banking stress tests. teach sedgwick has been following the story for us all week out of madrid. steve, good morning. sounds like we may not know the results of the stress tests until well after the afternoon. >> yesterday i had an interesting question, he said what time is the budget due. i said about an hour and a half ago. and that's the problem with communication here in spain. we don't get finite times of when things will happen until very often after they've started. in the end of course we got the spanish budget announcement somewhere in the region of 5:00 p.m. local time having been told the press conference will be at 1:30. so after market seems to be the consensus at the moment. when that means could mean up until monday, i guess. but in terms of the stress test itself, i wouldn't get too worked up about it. yes, it will show that the banks potentially will borrow money, but they don't need as much as feare
CNBC
Oct 4, 2012 4:00am EDT
talked about his trillion dollars in tax cuts and his trillion dollars in additional defense spending. it is mathematically impossible to accomplish what governor romney proposed. he sat there and talked about working with congress, addressing health care. the most ironic part was when governor romney was out there discussing -- >> that's simply not true. >> criticizing the president when in fact his policy similar to the president proposed. >> that's not true. if you look at what president obama was doing -- >> there's a long ways before the election is over. governor romney had one good day out of a horrific campaign by any standard. now the question is what happens after this. >> the campaign was so horrific, chris, then the polls wouldn't be as close as they are and national polls have them neck and neck. >> i'm not sure what polls you're remembering ferring to. >> let me finish. romney is up in some of the daily tracking polls. so the campaign is not -- again, chris, hold on a second. >> that's not factually true. he down in the balance will you please every single tracking poll.
CNBC
Oct 3, 2012 5:00pm EDT
at all. it is a good defensive name. it is going to return a lot of cash to share holders and we like that. >> i want to broaden it out and go a little macro. i know you prefer stocks to bonds in this environment. let me take the other side and say we have global quantitative easing. wouldn't it be better doing what the central banks are doing and getting the capital appreciation? >> we don't disagree. certainly we want to be in line with what the central banks are doing. if the treasury bond is buying treasuries it is good to be a treasury holder. what is going to happen when the central bank buying turns off? we think stocks are going to be well positioned in a modern inflation environment. and the bigger risk, deflation is a very probability. a bigger risk is higher inflation in the future in which case cash and bonds do poorly. we need to be in gold and commodities and real assets. we are building our portfolios to reflect the probability of these different destinations. our biggest scenario is one of moderate inflation and equity should be the class to hold. >> i want to go to tw
CNBC
Oct 5, 2012 7:00pm EDT
they did not have a defensible position to edefend their journalism. the reality is our journalism was right and theirs was wrong. you have to admit that, you have to see that now. >> do you have other tapes that are going to come out? >> we're always working on it. all of a sudden all these baum tapes have been popping up. we have the jack ryan opposition research file we are releasing in parts, we're going to soon be releasing in full. there's a lot about obama people say they don't know and we think there's a void to be filled there so we're going to do it. >> your basic point is he needs to be fully vetted, that back in 2008 he was not fully vettedoned you want to make sure this time around he is, is that fair? >> and the press was con plit is. this was an open event and they chose not to cover it. vince, thank you very much. that's it for this show. thank you for watching. the more information about any of these candidates, mitt romney, barack obama, just put it right out there, free speech. that's free markets. i'm kudlow. we'll see you monday. up. a short word that's a tall
CNBC
Oct 1, 2012 11:00pm EDT
'm going to toss to. only if it's down will i toss to it. i'm worried about one defensive back out there and that's the chart which indicates that union pacific won't be able to hold on to the ball. otherwise i'll keep the ball myself. maybe dump it off into cash. remember, you don't always need to pass it. the bottom line, i have now completed my check down of fourth quarter opportunities based on the third quarter and i've limited it to one player -- the wide receiver that's union pacific. i'll go to him to pick up a quick six points or maybe more. after the break i'll try to make you more money. >>> coming up, war on the web? the internet's tech giants have been locked in a battle for search supremacy but after poaching one of google's top guns is it finally time to say yes to yahoo!? should you search for a different stock? cramer decides. >>> later, industrial strength? prologis is at the center of the global supply chain operating a portfolio of distribution centers, warehouses and commercial real estate around the world. tonight, cramer is talking to the ceo to get a real re
CNBC
Oct 3, 2012 6:00pm EDT
of us. we need to start using the natural gas in this country. that would let us cut defense spending. we would no longer need to spend hundreds of billions of dollars supporting other regimes. fourth, i would have the federal government take advantage of the low interest rate environment and issue $500 million in 30-year bonds to fix the nation's infrastructure. fifth, i would slap tariffs on goods made by countries. that would stop the endless parade of jobs migrating from our country to other countries. they have a ridiculous competitive advantage over us. six, i would insist there be a course in high school called money where kids could learn what money is, how to save, how to invest. people need education about the stock market. perhaps to find their own therapeutics. seventh, i would appoint a steven jobs memorial competitiveness czar to figure out how our businesses could be made more speft and find out what they need. not government handouts but trying to get educated engineers to help these companies. i would reappoint ben bernanke as chairman of the federal reserve. if it we
CNBC
Oct 2, 2012 9:00am EDT
that problem. once in the organization and another plays defense. it is not the bears' defense. it is more the jets. you know what they are? they are on the punt pass. the season is over. >> two games left. >> there's a pup blast, a physically unable to perform list and microsoft is on the pup list. hewlett-packard is on there, dallas i.r. is there. >> are they career-ended injuries? >> come on, microsoft has a 3% dividend yield. >> sanchez just has to complete 3% of his passes. >> just keep going. >> i want to go with the man -- people didn't go for this. i'm going football metaphors. >> i thought it stayed on so i wasn't following. >>> let's talk american airlines. american airlines has temporarily grounded eight plans evaluated after seems became loose on two lanes in the last few dids. the investigators are the latest setback for america. they have been hurt in flight delays and cappslations causing travel agents to book flights with other airlines. of course, there a bitter dispute going on and a lot of the delays are pilot differentiated. americans lost could really be a gain for the
CNBC
Oct 3, 2012 12:00pm EDT
at the airlines, last thing i'll point out -- sequester cuts. that could be impactful on the airline. >> defense. >> it could also impact the commercial airline industry as well. >> see ma, thanks as always. final trades, next. irbags, a crash management system and the world's only tridion safety cell which can withstand over three and a half tons. small in size. big on safety. zagat just gave hertz its top rating in 15 categories, including best overall car rental. so elevate your next car rental experience with the best. [ male announcer ] the exceedingly nimble, ridiculously agile, tight turning, fun to drive 2013 smart. ♪ >>> welcome back. let's do final trades. >> toll brothers has been a performer. it popped off the ism number. wait for the $34 range in the name. >> i still like apple here. i think $650
CNBC
Oct 4, 2012 3:00pm EDT
consumer staples, there's been tremendous bidding up of defensiveness in the face of this resilient move. we've actually positioned, in terms of mutual fund and separate accounts, back into bonds until this hesitation and corrective period ends. >> ron, you call this a romney rally today, don't you? >> i think there's going to be no way to get around it. that's the headline of the day. if you look at the in trade probabilities of who's likely to be elected, president obama last week or so peaked at a 76% probability. this morning, it was down to 66% probability. romney moved up 10 percentage points. dan loeb on facebook had put last week out a note that you ought to buy the romney futures because they were so depressed. i don't know how the money works in that thing, but he made ten points on the upside. >> wonder what the capital gains treatment is on that. >> that's a good question. >> rick santelli, i haven't even talked about march you draghi. he had an impact on the markets early on today, didn't he? >> he definitely did. if i look at interest rate complex between the mario draghi i
CNBC
Sep 28, 2012 6:00am EDT
now they're 0-4. >> in illinois today, europe begins its defense of the ryder cup. four matches this morning and four more matching in the afternoon. rory mcilroy and graham mcdowell within the first to tee off against jim furyk and snedeker. >> so we're hoping for him. no tiger/rory match-up today. and you remember somebody -- norman said that rory mcilroy intimidating tiger. nobody intimidates tiger. >> you would. >> i don't intimidate tiger or his caddie. he got rid of that thug. i think he's now with adam scott. but then the guy said adam scott won some average tournament and he said it was the greatest caddying game. i think he's a kiwi, isn't he? anyway, now today's weather forecast. alex wall larks i was trying to find out when on nbc the ryder cup starts today. >> i'll find out. >> alex, you're a renaissance man. you don't just know about rain, do you you? is there rain in illinois? how about that? >> it looks like the rain will be sinking just south of illinois, maybe a few showers this morning. but later today should be a little drier. >> who is it on today? >> espn to
CNBC
Sep 28, 2012 9:00am EDT
there is an appreciation that you don't do it, you sta a start off with cuts, 50 billion from defense, 50 billion from important programs. nobody comes ahead from either side of the aisle and certainly the american public does not come out ahead. >> you have built a very successful firm, gotten very nice press lately at center view. while the industry has been suffering to say the least. what do you make of 2013 as we head into it? i hear that we're going to see so many big investment banks still need to cut both compensation and perhaps head count. >> so clearly the industry remains in a period of transition. it's been like this for a few years. but i think it's important to recognize that this industry has always had periods of transition. just in my career, 25 years, i can think of three different cycles. the industry always comes out on top on a competitive basis globally. i do think we still have the most intellectual capital anywhere in the industry. the most innovation. and you already see firms doing what they should do to get to the right place. they're focusing on businesses where they can g
CNBC
Oct 3, 2012 6:00am EDT
darn good economy when we were playing bill clinton's tax rates and then it cuts defenses we haven't done in 30 years and entitlement programs. >> there's a few on the left that admit that going back to the clinton tax rates is not just for people who are 250, it's for everyone. >> i agree with that. >> $200 billion in the middle class from the bush tax cuts and $100 billion from the payroll tax cut -- >> it would do a lot. >> we should take our medicine, we should do it. >> that's where i think you're right. we have to -- any politician who says democrat or republican, we're going to get out of this without suffering some pain -- >> that's what we're hearing from paul krugman who says any democrat that goes along with the simpson/bowles. >> only for one reason, you shouldn't raise the -- you shouldn't raise the eligibility for medicare to 67. that makes no sense at all. but otherwise -- >> why doesn't it? >> because medicare is the only universal health care plan that we have in this country. and to raise it at the time when people are retiring is insane. and furthermore, the savi
CNBC
Oct 4, 2012 6:00am EDT
they can cure everything. i've put forth michigan and illinois as defense that plan doesn't work well in the long-term. >> all right, rick, thank you very much. just a couple of quick headlines that are coming out from the draghi conference, steve, i'll run through these with you, you can tell me the most important, talk about inflation expected to stay above 2% in 2012, money growth remaining subdued, economic growth to remain week, no shocks on any of these things. he says the omt decision helped alleviate tensions in recent weeks and that it is now essential that governments keep implementing steps to try and reduce imbalances. >> right, so he needs the spanish government to request this so he can do what he believes what needs to be done. that's why he's not independent anymore. above 2% inflation forecast may explain why the ecb defied some forecasts and not cut rates, brought that from 75 down to 50 or parody with the federal reserve. i think part of the problem is that the euro has been as strong as it's been. >> also saying the council firmly committed to preserving singleness
CNBC
Oct 5, 2012 9:00am EDT
quickly and we learned nothing. we learned nothing. zynga, groupon. >> in defense of the companies they did have what appeared to be earnings growth and earnings. >> right. >> it was in the distance for the quarter. >> like we were saying in the late '90s and 2000 was forget it. we have an idea and we were in refridge raising and now we moved into internet because it is similar and we're going public. >> how about yelp continues to go up because they're affiliated with apple and by the way, also, linkedin keep going. 140 times earnings and starting to get cheap. >> speaking of apple, today does mark the first anniversary of the death of steve jobs. apple's co-founder whose innovations, of course, transformed the technology giant into what's now the world's most valuable company. on its website today, apple has put together a montage of steve jobs in his own words. >> an ipod, a phone and an internet communicator. are you getting it? ♪ ♪ >> good morning. >> yes, i'd like to order 4,000 lattes to go, please. just kidding. wrong number. thank you. >> incredible to watch on the com
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